The WireOne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below:

Required

1. Compute the equivalent units of production.

2. Compute the costs per equivalent unit for May. (Round your answers to 2 decimal places.)

3. Determine the cost of ending work in process inventory and of the units transferred to the Coating Department. (Round intermediate calculations to 2 decimal places, and final answers to the nearest whole dollar.)

4. Prepare a cost reconciliation between the costs determined in (3) above and the cost of beginning inventory and costs added during the period. (Round intermediate calculations to 2 decimal places, and final answers to the nearest whole dollar.)

Production data: Kilograms in process, May 1 (materials 100% complete, conversion 80% complete) Kilograms started into production during May Kilograms completed and transferred to 95,500 429,000 Coating Kilograms in process, May 31 (materials 65% complete, conversion 30% complete) 64,000 Cost data: Work in process inventory, May 1: Materials cost Conversion cost $ 94,545 $ 77,35!5 Cost added during May: Materials cost Conversion cost $809,235 $330,390 Materials Conversion Equivalent units of production Materials Conversion Cost per equivalent unit Materials Conversion Total Cost of ending work in process inventory Cost of units completed and transferred out Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost Costs accounted for as follows: Transferred to the Coating Department Work in process, May 31 Materials Conversion Total ending Work in process Total cost